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Chart Of The Day: USD/CAD

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 27, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Long-term price action on USD/CAD (a daily chart of which is shown) has come down decisively off the significant downtrend line (in red) that has served as resistance for at least 5 years. After retreating from this resistance line last week, price has gradually descended from the swing high. Going...

    complete article here...

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